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Title: Is Back to the Nest a Good Decision? The Effect of Returning to Parental Home on the Individual Economic Outcomes Among Young Adults in the US
Resulting in 1 citation.
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Choi, Seungbee |
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Is Back to the Nest a Good Decision? The Effect of Returning to Parental Home on the Individual Economic Outcomes Among Young Adults in the US Working Paper, Social Science Research Network, January 2022. Also: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4004701 Cohort(s): NLSY97 Publisher: Social Science Electronic Publishing, Inc. Keyword(s): Income; Residence, Return to Parental Home/Delayed Homeleaving; Savings Permission to reprint the abstract has not been received from the publisher. Young adults who achieved independent living often go back to their parental homes because they cannot afford to maintain financial independence. While much attention has been paid to the factors related to giving up independent living, the lives of young people after returning to parental homes are not well known. This study examines the economic outcomes of young people who have returned to their parents' home, using data from National Longitudinal Survey of Youth 1997 Cohort (NLSY 97). The economic outcomes of boomerang movers did not improve compared to the period of independent living, and the income gap with young people who remained independent widened. However, it's not a bad choice in the short term if the living expenses that boomerang movers save by staying at their parents' homes exceed the income gap. The residential movement of young people who make boomerang moves has an impact on their income, but this effect is short-lived. Going back to a parental house changes the region and urban form significantly, and movement of urban form from the central city to the suburban and from the suburban to out of the MSA has a negative impact on income. Findings from the study suggest implications. |
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Bibliography Citation
Choi, Seungbee. "Is Back to the Nest a Good Decision? The Effect of Returning to Parental Home on the Individual Economic Outcomes Among Young Adults in the US." Working Paper, Social Science Research Network, January 2022. |